On 18th September Platts reported that “The International Organization of Securities Commissions (IOSCO) on Thursday said that price reporting agencies had made its recommended operating principles an "integral part" of their practices and said it saw no more need for annual reviews of their implementation.” Also on 18th September Bloomberg reported that “Major oil companies […]

* Graphic: Oil companies debt vs oil price http://link.reuters.com/quh65w Read full story › Source:: Reuters UK Natural Resources       

By hellenicshippingnews Royal Dutch Shell chief executive Ben van Beurden has told the BBC a recovery in the price of oil is hard to foresee. “It is a very, very volatile business in terms of supply and demand. The oil price responds to very small mismatches between supply and demand,” he told BBC Radio 4's […]

By hellenicshippingnews Brent crude oil—a blend of crudes from different fields in the North Sea—is the primary benchmark for international oil prices today, serving as the price reference for roughly two-thirds of the world's traded oil volume. Yet there are growing doubts about its suitability for that role. Is Brent crude oil sufficiently representative of […]